Core Insights - The article emphasizes the importance of high-level opening of service trade as a key area for future global trade growth and highlights China's commitment to enhancing service trade development [1][3]. Group 1: Service Trade Growth - China's service trade has shown significant vitality and potential, with the total import and export value of services expected to exceed $1 trillion for the first time in 2024, marking a historical high [1]. - In the first half of this year, the service trade import and export value reached 3.9 trillion yuan, setting a new record for the same period [1]. - The travel sector has been a major contributor to the service trade deficit, but recent policy changes have led to rapid growth in tourism services, which have now surpassed transportation services as the largest area of service trade [1]. Group 2: Cultural Services and Knowledge-Intensive Services - Digital cultural content and platforms have performed well internationally, with games like "Black Myth: Wukong" achieving top sales on multiple platforms and Chinese films and TV shows performing well on overseas streaming services [2]. - Knowledge-intensive services have seen stable growth, with a total import and export value of 1,502.54 billion yuan in the first half of the year, reflecting a year-on-year increase of 6% [2]. - The growth rate of knowledge-intensive services is still lower than that of traditional service trades, indicating room for structural optimization and future growth potential [2]. Group 3: Structural Adjustments and Future Potential - Structural adjustments in consumption and industry are expected to drive service trade growth, with predictions suggesting that by 2035, the total service trade value could reach $2.7 trillion, accounting for about 20% of foreign trade [2]. - The economic transformation is leading to a shift from traditional services like tourism and entertainment to knowledge-intensive services, positioning service trade as a key industry for China [2]. Group 4: Policy and International Cooperation - The establishment of a negative list management system for cross-border service trade is a significant step towards institutional openness, with plans to further refine this system [3]. - There is a focus on deepening cooperation in service trade markets, particularly in North America and ASEAN, to release new growth momentum through bilateral and multilateral partnerships [3]. - China's service trade is positioned as a critical area for high-level opening, with ongoing efforts to enhance service factor aggregation, technology spillover, and service standard improvements [3].